The Board of Directors of UPS have declared a regular quarterly dividend of 28-cents per share on all outstanding Class A and Class B shares.
The dividend is payable June 2, 2004, to shareholders of record on May 17, 2004.
The Board, meeting in a regularly scheduled session, also raised to USD1 billion its authorisation for the repurchase of Class A and Class B shares.
Read MoreGerman Economics and Labor Minister Wolfgang Clement said he opposes a European Union demand to amend a law protecting Deutsche Post AG’s monopoly on some services.
Companies including Federal Express Europe Inc. and United Parcel Deutschland Inc. & Co. say the mail carrier’s letter monopoly, protected through 2007, infringes EU competition rules. Mario Monti, the trade bloc’s competition commissioner, wants a legal amendment, easing Deutsche Post’s domination of so-called mail preparation activities, such as collecting and sorting.
Read MoreThe U.S. Postal Service is seeing the improving economy spark increased volume for Standard mail and some of its package business, deputy postmaster general John Nolan told attendees to the Mailers Technical Advisory Committee meeting here at postal headquarters. First-Class mail, however, is “not changing dramatically in the short term and remains a challenge,” he said.
Read Moretime:matters enters into partnership with United Airlines Cargo to take the same:day express courier service across the Atlantic, and with TNT Express for its US Night Express next-day service. Effective immediately time:matters GmbH, a subsidiary of Lufthansa Cargo AG, will be working together with United Airlines Cargo in the European-American express logistics market. Also effective this week, TNT Express is offering its product – US Night Express – through a partnership with Lufthansa’s time:matters.
Read MoreThe U.S. Postal Service has dropped an online bill payment service that it had offered through CheckFree Corp. until last week. Without explanation, USPS officials said they would end the service May 1.
Customers were told they could continue paying their bills online through CheckFree’s secure WebPay service for the same fee and level of service.
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